0xRΞN 🐸
2.3K posts
0xRΞN 🐸
@0xMeme_Lord
The Telepathy Tapes is a breathtaking podcast. https://t.co/4p3hN5liQL https://t.co/kKQEAlCcBg
Anyone know what’s going on?
Curve's founder pulled $100 MILLION out of his own token to buy two Australian mansions and left holders with a token that dumped 98% In 2023 Curve Finance founder Michael Egorov took out $100 million in stablecoin loans across Aave, Frax, Inverse, Abracadabra and other protocols His collateral was 427 million CRV, which was 47% of the circulating supply of his own token Lookonchain traced $31 million in stablecoins flowing from Egorov to Bitfinex in April 2023 One month later his wife bought a $41 million mansion in Melbourne, right next door to the $18 million home they had purchased the year before That's $59 million in Australian real estate funded by loans against the token his own community was holding In July 2023 Curve was hacked for $70 million through a Vyper bug, CRV crashed and his positions almost got liquidated A liquidation would have created tens of millions in bad debt across Aave, Frax and other protocols and triggered a DeFi wide catastrophe To avoid this Egorov sold 106 million CRV in OTC deals at $0.40 per token, well below the market price, to a roster that included Justin Sun, convicted felon Michael Patryn, Jeffrey Huang, DWF Labs and several anonymous wallets He raised $42 million in stablecoins from these deals while community holders watched CRV dump In April 2024 he had to do it again, selling another 159 million CRV in OTC to 33 different buyers for $63 million In June 2024 CRV crashed 24% in 3 hours and he got fully liquidated for $140 million across 5 protocols The liquidation created $10 million of bad debt that the community had to absorb Ethereum developer Eric Conner did the math: "He got 100 million in stables out of a 140 million CRV position. He just transferred the rektage to the community instead" Egorov's response was that he was "committed to building Curve more than ever" thanks to veTokenomics, meaning he locked his remaining CRV to keep control of governance CRV is down 98% from its all time high and Egorov still owns the two mansions and the protocol When the founder of your protocol uses your bag as collateral for his mansion, you're not an investor You're his ATM
2/2 Le salon ressemble à un champ de bataille : jouets partout, assiettes du petit-déj encore sur la table à 13 h, couches sales qui traînent, machine pleine depuis 3 jours. J'ouvre le frigo : ça sent le renfermé, la même serviette pour les mains est là depuis une semaine, humide et qui pue. Le petit dernier de 3 ans me dit « papa, j'ai faim » et je vois qu'il n'a pas mangé depuis le goûter. Je deviens dingue. Je fais tout le reste : je range, je lave, je cuisine, je baigne les enfants, je les couche, je les lève le lendemain à 6 h 30 même quand je rentre à 5 h. Et elle ? Elle passe sa journée sur son téléphone. TikTok, Snapchat, lives d'influenceuses, vidéos de maquillage, de mode, de gossip... Je lui ai dit 50 fois : « Pose le téléphone juste 2 h, pour t'occuper des enfants et de la maison. » Elle me répond : « J'ai besoin de me détendre, tu comprends pas, je suis toute la journée avec eux. » Et elle continue. Elle continue. Elle continue. Je l'aime encore. Je l'aime pour les moments où elle est douce avec les enfants, pour les rares fois où elle me sourit, pour les souvenirs d'avant.Mais je me sens seul à porter la famille sur mes épaules. Je me sens exploité, invisible, pris pour un distributeur de billets et de corvées. Et le pire : j'ai peur du divorce. Si je pars, elle aura probablement la garde principale (elle est à la maison, elle est la mère). Je vois mes enfants grandir avec elle, dans le désordre, sans rythme, sans repas équilibrés, sans limites. Je les imagine manger des céréales à 20 h, se coucher à minuit, manquer l'école parce qu'elle a « pas vu l'heure ». Je préfère rester et tout assumer que de les laisser dans cette situation. Du coup je reste. Pour eux. Je me tais. Je serre les dents. Je fais semblant que tout va bien. Mais je suis en train de mourir à petit feu. Père qui portent tout financièrement et à la maison parce que leur femme ne fait rien, vous avez tenu combien de temps ? Ou vous avez fini par divorcer malgré la peur pour les enfants? Celles qui sont restées à la maison et qui ont entendu ces reproches, comment vous avez réagi ? J'aimerais votre avis sincère. Merci à vous la #lifestyle #motivation
The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications. After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users. As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.
@MemeCore_M @Grayscale Officially recognized on @ZachXBT ! We’re just getting started. Please provide a single data point to support your $6B mkt cap at a top 20 token and why insiders hold >90% of supply.
Australia was not established as a nation-building project. It was established as an extraction platform. The British did not colonize Australia to build a civilization. They colonized it to extract l; first convict labor, then wool, then gold, then minerals, then gas. The political architecture was built around that extraction logic from day one, and it has never been restructured away from it. You assume the state exists to serve the population, and therefore bad outcomes must mean the state is being run poorly. Australia is not a sovereign state that happens to have a mining sector. It is a private sector extraction platform that happens to have citizens. Every Australian who “owns” a home is servicing a debt instrument that enriches the FIC. The minerals get dug up by foreign-owned multinationals. The profits get distributed to global shareholders. The taxation office is structured; by design, through decades of lobbying, to ensure the extraction proceeds leave the country with minimal sovereign capture. The politicians are doing exactly what the structure requires of them: absorbing public anger, rotating every few years to reset the pressure valve. Australia is not mismanaged. Australia is managed perfectly, just not for Australians.
This app used to be a nexus where quirky people could share strange ideas and reach their entire following with every post This led to an exchange of new ideas, and made this site a cultural wellspring where culture began Now you have to play the ai post or list or contentious current cultural thing game to get seen which is making this app fundamentally worse because instead of allowing for new culture to rise up organically, it just acts as a conformity multiplier Used to be my favorite app because it was an app where weird freethinkers could have a real voice Now it's just as mid as reddit or insta tbh
sadly the algo on X seems possibly cooked again rn original research like this on DPRK used to go much more viral outside of CT may have to do a trial run of a few videos on another platform like YT instead it does not justify the time investment to keep posting investigations once per week when it could be spent on new engagements meanwhile the content that goes viral:
